Core Insights - American Bitcoin Corp. has acquired approximately 1,414 Bitcoin, bringing its total holdings to about 3,865 Bitcoin as of October 24, 2025 [1][5] - The company aims to provide transparency to investors by updating the Satoshis Per Share (SPS) metric, which reflects the amount of Bitcoin attributable to each outstanding share [2][4] - The company differentiates itself from traditional Bitcoin treasury vehicles through integrated mining operations, allowing for a lower average cost per Bitcoin [3] Bitcoin Holdings - As of October 24, 2025, American Bitcoin holds approximately 3,865 Bitcoin, which includes Bitcoin acquired through mining and strategic purchases [1][5] - The company has recently acquired 1,414 Bitcoin from September 1 to October 24, 2025 [5] Satoshis Per Share (SPS) - The SPS as of October 24, 2025, is 418, representing a 52% increase from the previous measurement [4] - SPS is calculated by multiplying total Bitcoin holdings by the Satoshi conversion ratio and dividing by the number of outstanding shares [2] Company Strategy - The company focuses on increasing its Bitcoin holdings to enhance shareholder value [3] - By producing Bitcoin directly through mining, the company aims to achieve a cost advantage over competitors that purchase Bitcoin exclusively on the open market [3][8]